According to a Nomura report, India's GDP growth rate for the financial year 2017–18 was expected to be around which of the following values?

Introduction / Context:
GDP growth forecasts by global financial institutions and research houses are often used in economic analysis and appear frequently in current affairs questions. Nomura is an international financial services group that periodically releases reports on India's growth outlook. This question asks about the specific GDP growth rate that Nomura expected for India in the financial year 2017–18.

Given Data / Assumptions:

• The forecast is for India's GDP growth rate during 2017–18.
• The forecasting institution mentioned is Nomura.
• Options include 7.6 percent, 7.3 percent, 7.8 percent, 7.1 percent, and 6.9 percent.
• We assume the learner is familiar with the approximate range of projected growth figures around that period.

Concept / Approach:
Growth forecasts are often clustered around similar values, so exam questions check whether candidates remember the specific figure associated with a particular report. For the financial year 2017–18, one widely discussed Nomura report projected India's GDP growth at about 7.1 percent. The task is to recall that precise number and match it to the options given.

Step-by-Step Solution:
Step 1: Recall that Nomura's projection for India in 2017–18 was slightly above 7 percent, not below 7 percent and not as high as 7.8 percent.Step 2: Remember that the figure most often quoted in news related to this report was 7.1 percent.Step 3: Compare the available options: 7.6, 7.3, 7.8, 7.1, and 6.9 percent.Step 4: Identify that 7.1 percent exactly matches the recalled forecast.Step 5: Select 7.1 percent as the final answer.

Verification / Alternative check:
Verification can be done by consulting contemporary business news or Nomura's economic research updates from that period. These sources report that Nomura expected India's GDP growth for 2017–18 to be around 7.1 percent. Multiple exam oriented current affairs compilations also mention this figure when summarising growth forecasts by different agencies. This cross checking confirms that 7.1 percent is the correct value.

Why Other Options Are Wrong:
The values 7.6 percent and 7.8 percent are higher than the figure reported by Nomura and may correspond to projections by other agencies or to earlier optimistic scenarios. The value 7.3 percent is close but not the exact figure associated with this particular report. The value 6.9 percent is lower than what Nomura projected for that year. Since the question is specific to Nomura's forecast, only 7.1 percent is correct.

Common Pitfalls:
Because many organisations such as the World Bank, IMF, ADB, and various brokerages publish growth forecasts, candidates often confuse which number belongs to which institution. They may recall that the forecast was a little above seven percent but then select 7.3 percent by mistake. To reduce such confusion, it is helpful to associate each forecast with a small memory cue, such as Nomura near 7.1 percent for that year.

Final Answer:
7.1 percent was the GDP growth rate for India in 2017–18 as expected in the Nomura report referred to in the question.